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South Korea court acquits Samsung chief Lee Jae-yong of financial crimes

Samsung Lee Jaeyong Lee Kunhee South Korea Park Geunhye

Lee Jae-yong arrives for questioning in Seoul on February 13, 2017 [Jung Yeon-Je/Pool via Reuters]

A court in South Korea has acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes regarding a 2015 merger.

The Seoul Central District Court ruled on Monday that Lee is not guilty of stock price manipulation and accounting fraud. The case was the latest episode in an ongoing scandal, centred on control of the country’s largest company and involving high-level corruption, that has rocked South Korea.

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